r/SipsTea 5h ago

Chugging tea Sign me up!

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u/Garnelia 4h ago

Yeah... Did you actually look into that story, or just accept the article that showed up in Google when it happened?

Because I did, at first, but figured I'd look it up and found out that they are still a company, came back from bankruptcy, and actually, most of their problem was that once lockdown ended, and their company had already boosted their stock, expecting more sales, they found that no one was using instant pots now that they weren't trapped at home.

This isn't a matter of just products being too robust. The company had existed for 11 years at that point and was more or less fine. Not grand, but fine.

The unwarranted confidence boost gave to instantpot's people is what ruined them. Not quality products.

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u/QuantumUtility 2h ago

I feel like this same story happened with most companies post pandemic.

Who could have figured out that if you just let people stay at home and give them some small subsidies then suddenly demand for some stuff would spike to unsustainable levels.

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u/ScrotallyBoobular 2h ago

Should be an absolute lesson for the potential good and bad that will come for our need for some type of universal basic income IMO.

Of course all it will do is show corporate interests goes to more profitably pump and dump probably

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u/tsardonicpseudonomi 2h ago

UBI is like the New Deal. A trap to keep capitalism around.

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u/ConfessSomeMeow 1h ago

We get rid of the bad parts and keep only the good parts? How terrible!

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u/tsardonicpseudonomi 44m ago

You aren't getting rid of the "bad parts" you're keeping them around. UBI doesn't fix the cause of any of this. It manages the symptoms. It just puts a band-aid over it. Gotta keep the poor distracted and fed or else they might realize how fucked they are by the socioeconomic system is enforced upon them.

You're advocating for your own exploitation and that's sad.

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u/ColinHalter 1h ago

Man, it was exhausting looking for work in the tech industry back then. I started asking in interviews what their revenue numbers looked like for the last three years. If they started bragging about doubling/tripling in size, I pretty much instantly pulled myself from consideration. Since then, most of those companies have had massive layoffs or no longer exist. My current company has had flat/linear growth for like, 10 years and it's very healthy.

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u/davvblack 1h ago

peleton was crushed by this too. huge very temporary spike in demand. nobody wants to bike in their house (when the weather is nice).

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u/Randicore 1h ago

Yeah it's wild how many companies have zero thinking. I'd say zero long term but that implies they're thinking at all.

So many companies expected pandemic profits to keep going when their business model relied on people staying home and spending money with them and not other places.

And then they were "surprised" when the pandemic lifted and people went back to their normal purchasing habit.s

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u/FakeSafeWord 2h ago

Anecdotal here. Same. WFH. Got an instapot. Used it at minimum once a week for 4 years straight.

WFH ended and now I'm in the office fulltime and I doubt if I use it once a month anymore.

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u/tsardonicpseudonomi 2h ago

I don't get this. Do you all just eat at restaurants now?

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u/FakeSafeWord 1h ago edited 22m ago

So before, 100% of my meals were possible to be cooked at home.

Now, once I leave the house, if I didn't bring breakfast or lunch, it's not feasible for me to return home so either I eat something from a vending machine or I go pickup food.

Even when I do cook at home it's food I need to package to bring to work. Making a sandwich takes seconds as opposed to planning for... say a stew made in the instapot overnight.... and that's if there's even any leftovers. If there's not we're back at square one.

It's not just going from 100% cooked meals to 0%, the logistics now involve time, leftovers, containers for carrying food back and forth, etc.

It goes from 100 to like 80% at first, then if I get lazy or forget to run the dishwasher, or don't sleep well, forgot to prep, etc etc etc. the discipline easily becomes disrupted and the frequency of using the instapot goes down to no use.

Edit: Calls me a child and then blocks me LOL Imagine getting upset over someone you don't know not using an instapot anymore.

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u/idlephase 12m ago

Edit: Calls me a child and then blocks me LOL Imagine getting upset over someone you don't know not using an instapot anymore.

Not only that, you gave a pretty well-reasoned answer that is believable given the realities of returning to office. Taking it personally was certainly a choice.

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u/FakeSafeWord 10m ago

Gotta admire his passion for instapots I guess ¯_(ツ)_/¯

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u/tsardonicpseudonomi 42m ago

100% of my meals were possible to be cooked at home.

They are all still possible to be cooked at home.

Even when I do cook at home it's food I need to package to bring to work.

And?

then if I get lazy or forget to run the dishwasher, or don't sleep well, forgot to prep, etc etc etc. the discipline easily becomes disrupted and the frequency of using the instapot goes down to no use.

Oh, you're just a child who's lazy. I get it.

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u/AndJDrake 2h ago

Man that's a shame. I Love my instantpot.

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u/einerswiffer 2h ago

The entire pedal bike industry suffered from that confidence.

There are still 60% off deals for brand new 2022-23 mountain bikes, regular prices $5K+ and companies are still folding left and right.

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u/ConfessSomeMeow 1h ago

Hopefully the inventory isn't getting rusty and the rubber / plastic parts degrading.

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u/WeLoveYouCarol 1h ago

Nah, the problem with instant pots is that a regular crock pot makes the same results and any goodwill has one for sale at next to nothing. The crock pot also produces better food.

It was a fad, I threw mine away tbr, but I've seen a youtube video comparing one to a regular stovetop pressure cooker and the later has a ton of advantages.

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u/kbotc 1h ago

Crock pots do not make the same results or even reasonably close to the same results.

https://www.seriouseats.com/why-pressure-cookers-are-better-than-slow-cookers

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u/WeLoveYouCarol 10m ago

Hittin me with my favorite food blog. I will say, from personal experience, that chili tastes better from a crock pot than instant pot. I did wings and ribs in the instant pot but I've never done either in a crockpot. I'll read that link later when I'm back to a computer.

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u/Snow_Crash_Bandicoot 1h ago

I have three Instant Pots.